C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,124 shares of the financial services provider’s stock, valued at approximately $173,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arkadios Wealth Advisors bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at approximately $168,000. Jane Street Group LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth $173,000. Pines Wealth Management LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth $220,000. US Bancorp DE increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the third quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth $246,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC opened at $16.12 on Friday. The company’s fifty day moving average is $15.84 and its 200 day moving average is $15.89. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a fifty-two week low of $13.72 and a fifty-two week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a $0.092 dividend. This represents a $1.10 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Wednesday, April 23rd.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.